A WAITRESS who left school at 16 says she’s now on track to make £100,000 after trying her hand at online trading. Anna Reynolds, 29, from Harrow in West London dropped out of school after her GCSE’s but struggled to find a job she felt both passionate about and which earned her decent money. Instead […]
A WAITRESS who left school at 16 says she’s now on track to make £100,000 after trying her hand at online trading.
Anna Reynolds, 29, from Harrow in West London dropped out of school after her GCSE’s but struggled to find a job she felt both passionate about and which earned her decent money.
Instead she did odd jobs, such as waitressing, while watching her friends go away to university.
But when an advert for a course on online trading recently caught her eye on Instagram things changed.
According to the Daily Mail, the 29-year-old now reckons she’s completely changed her lifestyle because of it.
She says she can now afford to go on holidays to Dubai with pals, buy things for family, and has even treated herself to a Rolex watch.
She said: “I just need the internet to do it – you can do it on phone or computer, or even while travelling.”
Anna told the newspaper that she got into trading after taking part in a six-month course in forex trading, which is where you buy and sell different currencies from around the world – including cyrptocurrencies.
The course she used was offered by Financial Markets Online, which charges £1,750.
And she now loves the freedom of being her own boss – and even says she trades while on holiday.
But before you dive in head first to do the same bear in mind that this type of trading is risky – the value of your money can go down as well as up and there are no guarantees you won’t lose everything you invest.
Before you begin to trade, you should also check the Financial Conduct Authority (FCA) register to ensure the firm you’re using is regulated.
Also so a search to make sure the company isn’t on the regulator’s warning list.
And be aware that there are bogus firms out there that will trick people by using the same name, registration number and address of legitimate companies.
We spoke to one dad who sadly lost his £150,000 life savings to a Facebook investment scam.
Anna told the Daily Mail that Financial Markets Online, which doesn’t offer trading itself – only tutorials – set her up with a trader to offer help and guidance and she initially started with just £100.
It’s unclear how much she has since invested but she believes she’ll make around £10,000 by the end of the year.
But she is wary of the risk and warns others to do their research first.
She said: ‘There is always a risk to trading… you do have to be careful.
“Don’t just give money over to someone – there is no such thing as a free lunch.”
And Anna isn’t the only one who claims to be reaping the rewards from forex trading.
We spoke to one teen who failed his A-Levels but learned how to invest on YouTube using cash from his Saturday job – and is now a millionaire.
TO avoid falling victim to investment scams, you need to remain vigilant when making investment decisions.
Signs that should set the alarm bells ringing include:
Of course it’s best to finish your GCSE’s before turning to trading full time.
We’ve put together the timetable for this year’s GCSE exams as well as what you need to know if you end up having to resit them.
Do you think you’d pass your GCSE’s if you took the exams now? Take our test to find out.
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